After a strong first quarter for venture capital fundraising, the second quarter is shaping up to be pretty healthy, too. Norwest Venture Partners just closed its 12th fund at $1.2 billion, and it didn’t have to do a sales job to a dozen or more limited partners–it has a single LP, Wells Fargo, which looked favorably on the firm’s 11 portfolio company exits over the past year for a combined $10 billion in value. Meanwhile, GGV Capital, an early investor in Chinese Internet giant Alibaba Group, secured a final close for its fifth fund of $622 million after seeing more than $1.2 billion in demand, Sonja Cheung reports for VentureWire. With the recent big funds, venture firms have already raised well more than half of the full-year totals for each of the last three years, according to Dow Jones VentureSource.

ALSO IN TODAY’S VENTUREWIRE:

Lumena Pharmaceuticals, a rare-disease specialist that filed to go public in April, has agreed to be acquired by Shire for an initial payment of $260 million cash. Lumena had been in business-development discussions for a while before filing to go public, according to New Enterprise Associates Partner and Lumena board member Ed Mathers, who said the recent slump in biotechnology stocks didn’t play into the decision.

Anaplan, whose business-planning software aims to eliminate the use of spreadsheets like Microsoft Excel for complex business operations, has raised $100 million despite investors’ recent lack of enthusiasm for some enterprise tech stocks.

Instart Logic raised another $26 million to continue working on the problem of slow performance caused by fat Web applications, especially on mobile devices. The Series C round was led by Kleiner Perkins Caufield & Byers, with current investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital participating.

IYogi Holdings has raised a fresh $28 million to fuel expansion of its on-demand tech support around the world. Madrid-based Axon Partners Group led the infusion, which pops iYogi’s total outside funding to more than $85 million.

Morgenthaler has hired TechCrunch journalist Rip Empson as a senior associate, tasking the one-time reporter with marketing the firm’s information-technology portfolio companies and sourcing new deals–a “blended” role that is a first on Sand Hill Road, the firm said.

ChargePoint, which makes charging stations and software for electric vehicles, brought in $22.6 million in Series E funding from existing investors. Kleiner Perkins doubled its equity stake, but Rho Ventures remains the company’s largest investor, a spokesperson said.

Chase Pharmaceuticals has raised $21 million to fund clinical studies of a drug that could improve upon certain existing treatments for Alzheimer’s disease that are only marginally effective.

(VentureWire is a daily newsletter with comprehensive analysis of all the investments, deals and personnel moves involving start-ups and their venture backers. For a two-week trial, click here.)

ELSEWHERE AROUND THE WEB:

Branson

AFP/Getty

Bitcoin Processor Raises $30 Million.Virgin Group Chairman Richard Branson and Yahoo co-founder Jerry Yang are part of an investor group that plowed $30 million into Bitpay, valuing the bitcoin-payments processor at about $160 million in the biggest venture-capital investment in the digital-currency industry, Michael Casey reports for the WSJ. The deal, expected to be announced Tuesday, was led by Index Ventures, joined by Felicis Ventures, RRE Ventures, TTV Capital, Mr. Branson; and Mr. Yang, via his venture firm AME Cloud Ventures.

Microsoft’s Sacks Backs Addepar. Wealth-management software maker Addeparjust raised $50 million in a round of financing led by Microsoft executive and former PayPal operating chief David O. Sacks and Valor Equity Partners, reports the WSJ’s Douglas MacMillan. The company shares its pedigree with Palantir Technologies, the data-gathering startup that was valued at $9 billion in a round of funding last December. Joe Lonsdale co-founded both companies.

Khosla

Reuters

Vinod Khosla Testifies in Court in Beach Access Case. During testimony Monday in a civil case, the Khosla Ventures founder said he isn’t responsible for blocking access to a Northern California beach favored by surfers, a controversial move that triggered a court fight, the WSJ’s Alistair Barr reports.

Square Pulls Failed Wallet App as Troubles Mount.Square is shuttering its Square Wallet app for smartphones, a sign the mobile-payment startup is struggling to expand beyond its low-margin business of credit-card readers, Douglas MacMillan reports for the WSJ.

Dropbox Lands Spotify as an Enterprise Customer. After several months of building on a new strategy to capture more enterprise customers, Dropbox, the popular cloud-storage and file-sharing service, will announce that it has landed subscription music service Spotify as a corporate customer, Re/code’s Arik Hesseldahl reports.

Wearables Track Infants’ Vital Signs. The wearable-device movement first spawned a wealth of digital-fitness trackers, smart watches and head-mounted displays for adults to monitor their health or interact with their smartphones. Now it is invading the crib, targeting tech-enthused parents eager to swathe their newborns in gadgets made by venture-backed companies that send back all sorts of data, reports Yuliya Chernova for the WSJ.

The Startup Explosion. The relative ease of starting a company nowadays has led to an explosion of startups, but don’t discount the role played by entrepreneurial overconfidence, writes James Surowiecki in the New Yorker. While that overconfidence may not be good for individual companies, it’s actually great for society, he concludes.

SparkLabs, Its Six Founding Partners and the VC “Rabbit Hole.” A lack of team chemistry and trust has sunk as many startups as a Series A crunch. That risk weighs heavy for a startup seed fund too, writes Bernard Moon, co-founder and general partner at new global seed fund SparkLabs Global Ventures. In a guest column for VentureBeat, he explains how he and his colleagues are making it work.

Godfather of MOOCs On Where They Went Wrong.Sebastian Thrun, founder and CEO of massive open online course company Udacity and, according to some, the godfather of the MOOC, talked to PandoDaily’s Carmel Deamicis about the future of the ed-tech sector and why Udacity is now a “former MOOC.”

Marc Andreessen’s “Tweetstorms.” The famed investor’s numbered tweets have become a fixture of Tech Twitter in recent months, and a mostly well-received one, though some think the provocative serial tweets might be better in a blog, writes BuzzFeed’s Charlie Warzel.

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